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PayPal Forms Crypto Advisory Council
The six members will help the company create a digital financial system.
Updated May 11, 2023, 4:07 p.m. Published Feb 8, 2022, 6:53 p.m.
PayPal has formed an advisory council to support crypto-related products and help guide the company on creating a digital financial system, Jose Fernandez da Ponte, a senior vice president for blockchain, crypto and digital currencies at PayPal, said.
- The six members include the following: Peter Briger Jr., co-CEO of Fortress Investment Group; Chris Brummer, a professor at Georgetown Law; Shafi Goldwasser, director of the Simons Institute for the Theory of Computing at the University of California, Berkeley; Timothy Massad, a former Assistant Secretary of the Treasury for Financial Stability; Neha Narula, director of the Digital Currency Initiative, which is part of MIT Media Lab; and Antoinette Schoar, a finance professor at the Massachusetts Institute of Technology's Sloan School of Management.
Read more: PayPal Is Exploring Creating Its Own Stablecoin as Crypto Business Grows
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Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
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- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
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